Trading news

The USD/CHF pair regains positive traction following the previous day's directionless price move and jumps to over a one-week high, around the 0.8345-0.8350 area during the Asian session Thursday.

EUR/USD extends its losing streak for the third successive session, trading around 1.1240 during the Asian hours on Thursday.

The Japanese Yen (JPY) attracts heavy selling during the Asian session on Thursday in reaction to the news that a US federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect.

The Indian Rupee (INR) flat lines on Thursday. The month-end US Dollar (USD) demand and the headline surrounding the US court blocking US President Donald Trump's tariffs provide some support to the US Dollar (USD) and weigh on the Indian currency.

The Australian Dollar (AUD) remains subdued for the fourth successive session on Thursday, following disappointing Private Capital Expenditure data for the first quarter.

Australia Private Capital Expenditure registered at -0.1%, below expectations (0.5%) in 1Q

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1907 as compared to the previous day's fix of 7.1894 and 7.2033 Reuters estimate.

Japan's Economy Minister Ryosei Akazawa said on Thursday that his basic position is to strongly request review of tariff policy.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.15 during the Asian trading hours on Thursday. The WTI price edges higher on supply concerns after OPEC+ agreed to leave their output policy unchanged. 

South Korea BoK Interest Rate Decision in line with forecasts (2.5%)

Austria’s version of the FBI, the Federal Office for the Protection of the Constitution, claimed Iran is continuing with its active nuclear weapons program, which it says can be used to launch missiles over long distances, per Fox News. 

On Wednesday, a US federal court blocked US President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. per Reuters. 

Japan Foreign Investment in Japan Stocks fell from previous ¥714.9B to ¥309.3B in May 23

The US President Donald Trump's administration has paused some sales to China of critical US technologies, including those related to jet engines, semiconductors, and certain chemicals., per New York Times.

The USD/CAD pair edges higher to near 1.3835 during the early Asian session on Thursday, bolstered by a stronger US Dollar (USD).

GBP/USD pared further gains on Wednesday, stumbling for a second straight session and easing back below 1.3500 after a failed attempt to recapture 1.3600 earlier this week.

Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby said on Thursday that he sees near-term growth headwinds.

US Treasury yields climbed on Wednesday following the release of the latest Federal Reserve meeting minutes from May 6-7, which revealed the US central bank's concerns about tariffs and their impact on inflation and economic activity.

United States API Weekly Crude Oil Stock down to -4.236M in May 23 from previous 2.499M

The USD/CHF halts its advance after posting back-to-back days of gains that pushed the pair to its weekly high of 0.8290; yet, buyers remain in charge, even though the major is near its opening price at 0.8270.